Tech stocks diverge after earnings and tax hit

Meta shares sank more than 12% at Thursday’s open, putting the company on track for its steepest single-day slump in years after a nearly $16 billion tax charge knocked quarterly earnings below Wall Street forecasts. Microsoft fell 2.2% to about $529.40 despite beating estimates, weighed by a $3.1 billion OpenAI-related hit, while Alphabet rose 2.7% as revenue topped $100 billion at $102.3 billion. Apple and Amazon report after the close Thursday, and Nvidia is slated to release results November 19.